Money managers cut their net long U.S. crude futures and options positions in the week to February 8, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.
The speculator group cut its combined futures and options position in New York and London by 8,624 contracts to 295,388 during the period.
Selected categories from the CFTC weekly Commitment of Traders report:
FUTURES + OPTIONS Managed Swaps Producer
Net Chg Net Chg Net Chg
NYMEX Crude 296,149 -7,722 -560,518 -11,141 71,516 10,735
ICE WTI crude -761 -902 -102,322 -1,275 85,867 -3,561
---------- ---------- ---------- ---------- ---------- ----------
Total 295,388 -8,624 -662,840 -12,416 157,383 7,174
RBOB 80,210 -368 27,841 1,267 -101,116 2,636
Heating oil 23,942 -10,292 72,880 643 -108,375 9,995
Other NonReport Open
Net Chg Net Chg Interest Chg
NYMEX Crude 139,912 5,186 52,940 2,943 2,989,273 132,454
ICE WTI crude 11,169 4,151 6,047 1,587 709,098 40,565
---------- ---------- ---------- ---------- ---------- ----------
Total 151,081 9,337 58,987 4,530 3,698,371 173,019
RBOB -16,873 -2,160 9,937 -1,375 389,599 19,685
Heating oil -14,989 1,168 26,542 -1,514 362,490 3,649
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FUTURES ONLY Managed Swaps Producer
Net Chg Net Chg Net Chg
NYMEX Crude 260,644 -8,491 -471,301 -6,687 59,157 9,201
ICE WTI crude 739 -1,371 -85,750 -1,309 76,979 -3,938
---------- ---------- ---------- ---------- ---------- ----------
Total 261,383 -9,862 -557,051 -7,996 136,136 5,263
RBOB 80,307 -393 28,058 1,338 -100,653 2,651
Heating oil 24,038 -10,150 75,379 815 -107,813 9,888
Other NonReport Open
Net Chg Net Chg Interest Chg
NYMEX Crude 102,739 2,970 48,761 3,007 2,170,681 76,946
ICE WTI crude 1,571 4,943 6,461 1,675 509,697 26,142
---------- ---------- ---------- ---------- ---------- ----------
Total 104,310 7,913 55,222 4,682 2,680,378 103,088
RBOB -17,555 -2,207 9,843 -1,389 386,753 19,283
Heating oil -17,583 922 25,979 -1,475 349,618 2,235
Source: Reuters